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Debt Ceiling Talks Likely to Resume Tuesday

With the deadline to raise the debt ceiling looming, the president and congressional Republicans are expected to meet Tuesday to continue debt talks.

WASHINGTON, DC – AUGUST 31: U.S. President Joe Biden delivers remarks on the end of the war in Afghanistan in the State Dining Room at the White House on August 31, 2021 in Washington, DC. The last American military aircraft took off from Hamid Karzai Airport a few minutes before midnight in Kabul, marking the end of U.S. military presence in Afghanistan since the invasion following the attacks of September 11, 2001. (Photo by Chip Somodevilla/Getty Images)Chip Somodevilla/Getty Images

President Joe Biden and congressional leaders are expected to resume debt ceiling talks Tuesday after a scheduled meeting this past Friday was postponed.

Senior administration officials told the Associated Press that preliminary talks between White House and congressional staff for the upcoming meeting had been productive. Officials also said that while a date has not been finalized, given Biden’s travel schedule, Tuesday will most likely be when the meeting occurs.

A meeting last Tuesday did not lead to a compromise between the president and congressional Republicans, who are seeking budget cuts in exchange for an increase in the debt ceiling.

Sources told CNN that in order to raise the debt ceiling by June 1 – the date by which the Treasury Department says the United States may default on its loans – a compromise needs to be reached by the end of this week.

“I’ve been involved in negotiations my whole career,” Biden told CNN. “Some negotiations happen at the last second, some negotiations happen way ahead of time. So, we’ll see.”

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